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President Donald Trump suggested that Monday could temporarily release the auto industrythe tariffs that previously appliedIn the sector, give carmakers to give time to adjust the supply chains.
“I look at something to help a part of the car companies,” Trump said that they gathered in the Oval Office for journalists. The President of the Republic said that the cars needed to transfer production from Canada, Mexico and other places and need a little time here because it takes a while. So I’m talking about such things. “
Matt sharp, an association representing the President of the American Automobile Policy Council, Ford, General Engines and StellantisThe group shared the rising local production targets of Trump.
“There are increasing tariffs of extensive tariffs, the developing and growing American will shake our intended purpose, and many of this supply chain will take time,” he said.
Trump’s statement pointed to another roundRevers on tariffsBecause of the attack of Trump’s import taxesPanicked Financial Marketsand Wall Street raised deep concerns of economistspossible decline.
When Trump announces 25% automatic tariff on March 27, Trump described them as “permanent.” The hard-lines in trade have become increasingly blurry when trying to limit possible economic and political explosion.
Last week, thenThe bond market sellsPushing interest rates that increase US debts, Trump announced thisIt’s 90 daysMore extensive tariffs against dozens of countries will be installed on a 10% basis to give time to negotiations.
At the same time, Trump has increasedImport taxes in ChinaTo 145%, only 20% of these tariffs, which are charged with 20% of these tariffs, temporarily relieve electronic electronics.
“I don’t change my mind, but I’m flexible,” said Monday.
The feeling of uncertainty and confusion related to the convenience, intentions and end goals of the Trump. The S & P 500 stock index is 0.8% Monday, but this year still reduced 8%. Interest rates in 10 years of US treasury have risen by about 4.4% high.
Carl Tannenbaum, Chief Economist Northern Trust The global financial firm said that Whiplash is so great that he said, “It should be adapted to adapt to the neck.”
Tannenbaum warned in an analysis: “Damage to the consumer, business and market belief can no longer be returned.”
Maroš Šefčovič, the European Commissioner for Trade and Economic Security, posted X On the behalf of the European Union on Monday, Trading Secretary Howard Lutnick and the US trade representative Jamieson Greer was engaged in trade talks.
“The EU remains constructive to a profitable agreement – up to 0-for-0 tariff proposal and our work on non-tariff barriers, and interact with our work, and interact with our work.
The US president also said he was talking to him Apple CEO Tim Cook and recently “helped.” Many Apple products are stacked in China, including the popular iPhone.
Apple did not meet a Monday demand for comment on the latest swings in the Tariff Pendulum of the Trump Administration.
Last week, the freedoms of the electronic electronics are short-term, the temporary regulation provides a slight breath to determine the ways to minimize the effects of trade war in the United States
This perspective helped to lift the Apple’s stock price by 2% on Monday. Again, he probably refused a part of a 7% growth, as investors have processed the likelihood of more tariffs for Chinese products in China in the coming weeks.
Wedbush said that the security of the securities was in a better position than Apple, Apple was in a better situation than a week ago, but he still warned that “mass uncertainty, chaos and the steps”.
The existing tariff apple can be examined in the disgrace, because it has been a long time in England for a long time in India, has begun its production.
Trump management claims that the Tariffs areolated by the United States in which the Tariffs are negotiating with other countries.
But China is also looking forBuild strong relationships in AsiaWith the nations he hit with Trump’s tariffs. China’s leader, Xi Jinping, Vietnamese Communist Party Secretary General in Hanoi on Monday, came to Lam with his message that no one won in trade wars.
He asked about the meeting, Trump, said that the two nations are trying to understand how we are screwed up the United States to economic harm to the United States. “
This story was first displayed Fortune.com
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